Nyrstar cuts conversion price of 4.25% bonds due 2018

By Susanna Moon

Chicago, Feb. 11 – Nyrstar NV said it lowered the conversion price of its 4.25% convertible bonds due 2018.

The conversion price was adjusted to €2.16 per share, effective Feb. 8, according to a company notice.

The adjustment follows an offering by the company of 608,165,740 new shares at an issue price of €0.45 per share, or €273,674,583 in total, with statutory preferential subscription rights for the existing shareholders of the company, the release noted.

Nyrstar is a multi-metals business based in Balen, Belgium.

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